Reported about 1 month ago
UK car production experienced a 14.4% decline in July, marking the fifth consecutive month of decrease, according to industry data. Factors contributing to this decline include manufacturers transitioning to new models and temporary supply chain disruptions. Despite the drop, production of electrified vehicles represented 37.5% of the total output. The sector faces ongoing challenges as it shifts towards zero-emission vehicle production, with foreign investment in EV manufacturing continuing to grow.
Source: YAHOO